According to @EmberCN, stablecoin issuer Tether has invested C$121.6 million ($89.2 million) to acquire a one-third stake in Elemental Altus (ELE), a publicly listed precious metals investment company. This strategic move is aimed at diversifying the assets backing its USDT stablecoin, expanding into tangible assets like gold, as stated in the official announcement. Following the news, Elemental's Toronto-listed shares (ELE) surged nearly 23%. Tether CEO Paolo Ardoino highlighted that the investment reflects confidence in gold's fundamentals and aligns with the company's vision for Tether Gold and future commodity-backed digital assets. This diversification occurs alongside Tether's significant Bitcoin (BTC) holdings and as the company prepares for potential U.S. stablecoin regulations that may require broader asset backing.

According to @AltcoinGordon, stablecoin issuer Tether's investment arm has acquired a one-third stake in the publicly listed precious metals company Elemental Altus (ELE) for C$121.6 million ($89.2 million). This strategic move aims to diversify the assets backing the world's largest stablecoin, USDT, by expanding into tangible assets like gold, as stated in the official announcement. Tether CEO Paolo Ardoino cited 'confidence in the fundamentals of gold' and alignment with the company's vision for Tether Gold as key drivers for the investment. Following the news, Elemental's Toronto-listed shares surged nearly 23%. This diversification comes as stablecoin issuers prepare for potential U.S. regulation that may require compliant asset backing. The broader market shows strong bullish signals for stablecoins, with Circle's (USDC) stock rising approximately 500% since its debut and payment giants like Mastercard announcing new crypto partnerships.

According to @rovercrc, Tether's investment arm has acquired a C$121.6 million ($89.2 million) stake in the gold-focused investment company Elemental Altus (ELE) as a strategic move to diversify its reserves. Tether CEO Paolo Ardoino stated this investment reflects confidence in gold's fundamentals and complements the company's significant Bitcoin (BTC) holdings of over 100,000 BTC, forming a 'dual pillar strategy.' This diversification comes as the U.S. advances the 'GENIUS Act' for stablecoins, which could impose strict compliance hurdles for Tether to operate in the U.S. market. The proposed legislation would require foreign issuers to maintain 1:1 reserves in highly-liquid assets like cash or Treasuries and undergo monthly audits, potentially conflicting with the SEC's view that reserves should not include precious metals or crypto. Consequently, Tether faces a strategic decision: pursue costly U.S. compliance, focus on non-U.S. markets, or launch a separate, fully regulated U.S. stablecoin, while competitor Circle (USDC) stands to gain U.S. market share.

According to @lookonchain, stablecoin issuer Tether has diversified its reserves by purchasing a one-third stake in the publicly listed gold investment company Elemental Altus (ELE) for C$121.6 million ($89.2 million). This strategic acquisition is part of Tether's plan to expand the assets backing its USDT stablecoin into tangible assets like precious metals, as stated in an official announcement. The market reacted positively, with Elemental's Toronto-listed shares (ELE) spiking nearly 23% after the news. Tether's CEO, Paolo Ardoino, noted that the investment aligns with their vision for Tether Gold and reflects confidence in gold's fundamental role in financial markets. This move is also viewed as preparation for potential U.S. stablecoin regulations that may require asset diversification, which could impact Tether's substantial Bitcoin (BTC) holdings, as the source mentioned that JPMorgan had previously suggested Tether might need to sell some of its BTC to comply with proposed rules.

According to @lookonchain, stablecoin issuer Tether has diversified its reserves by purchasing a one-third stake in the publicly listed gold investment company Elemental Altus (ELE) for C$121.6 million, or approximately $89.2 million. This strategic move is intended to strengthen the backing of its USDT stablecoin by expanding into tangible assets like precious metals, complementing its significant Bitcoin (BTC) holdings of over 100,000 BTC. Tether CEO Paolo Ardoino stated this investment aligns with the company's vision for Tether Gold and future commodity-backed digital assets. The acquisition comes as stablecoin issuers prepare for potential U.S. regulations that may mandate greater asset diversification, a development that could influence the management of Tether's crypto and traditional asset reserves.

According to Paolo Ardoino, Tether's CEO, Tether Investments acquired a one-third stake in Elemental Altus for $89.2 million to diversify assets backing USDT, as stated in the announcement. This investment increases gold exposure to support Tether Gold and future commodity-backed digital assets, with Elemental's shares surging 23% post-announcement. Tether's dual strategy includes over 100,000 BTC holdings, and JPMorgan indicated potential BTC sales may be needed for US stablecoin regulation compliance.

According to Milk Road (@MilkRoadDaily), an upcoming live debate on May 6, 2025, will address the competition between gold and Bitcoin as stores of value in investor portfolios. The event aims to provide concrete data and trading strategies to help traders compare the historical stability of gold with the volatility and growth potential of Bitcoin. Traders should monitor the debate for actionable insights on allocation, risk management, and the latest market trends as both assets vie for the same portfolio role (Source: Milk Road Twitter, May 2, 2025).

According to The Kobeissi Letter, gold fund net inflows have reached an unprecedented $80 billion year-to-date, doubling the previous annual record set in 2020. This surge indicates a significant shift of investor capital towards gold as a safe-haven asset amid global economic uncertainty. The current inflow trends suggest a heightened demand for stability, prompting traders to closely monitor gold market movements for potential investment opportunities.

According to André Dragosch, PhD, the search for a new safe-haven asset has intensified, with markets shifting focus towards gold and Bitcoin. The total addressable market (TAM) for these assets is expanding as U.S. Treasury securities (USTs) decline in favor. Current UST debt levels have reached an all-time high (ATH), and gold's market capitalization is also at an ATH, indicating a significant potential for growth in Bitcoin and gold as alternative safe-haven investments.

According to The Kobeissi Letter, ongoing geopolitical tensions in the Middle East and between Russia and Ukraine have led to increased investment in gold as a safe haven. This shift is supported by the Geopolitical Risk Index, which remains historically elevated with sharp spikes since 2022. These factors are influencing investors to seek stability in gold markets, impacting trading strategies.